Crude oil price resumed its negative trades clearly to succeed surpassing 49.10 level and settles below it, which supports the continuation of our bearish overview efficiently in the upcoming period, and the way is open to achieve our next target at 47.00.
Therefore, the decline will remain dominant for the rest of the day unless breaching 51.46 level and settling above it.
Expected trading range for today is between 47.50 support and 50.70 resistance.
Expected trend for today: Bearish